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    Property profile & analytics

    2023 7th N Ave Clear Lake, IA 50428-2103

    • Turn key restaurants
    • 28,474 SF
    • 5.20 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US25-0457983
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bennigan's Clear Lake / Restaurant / American Restaurant
    • Best Western Holiday Lodge / Hotel
    • Main Event Catering - Clear Lake / Caterer
    • Cardtronics / Atm
    • The Grain Bin Painter / Painter

    Property Details for 2023 7th N Ave

    Year built
    1955
    Lot size
    5.20 lot acres
    Property size
    28,474 SF
    Property type
    Turn key restaurants
    APN
    60747701000
    APU
    60747701000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clear Lake
    County
    Cerro Gordo
    State
    Iowa
    Longitude
    -93.3629
    Latitude
    43.1439
    CBSA code
    32380
    CBSA name
    MASON CITY, IA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $86,724
    $405,000
    $3,518,760
    $3,923,760
    -
    $405,000
    $3,518,760
    $3,923,760

    Comparable in this City

    • Value Estimation
      $235,000
      1,318 SF

      1305 24th St

      RESTAURANT • 1,318 SF
      1305 24th St, Clear Lake, IA 50428-2098
      View Details
    • Value Estimation
      $370,000
      4,696 SF

      619 Buddy Holly Pl

      RESTAURANT • 4,696 SF
      619 Buddy Holly Pl, Clear Lake, IA 50428-1320
      View Details
    • Value Estimation
      $275,000
      2,918 SF

      1205 25th St

      RESTAURANT • 2,918 SF
      1205 25th St, Clear Lake, IA 50428-2001
      View Details
    • Value Estimation
      $215,000
      1,416 SF

      14 3rd St

      RESTAURANT • 1,416 SF
      14 3rd St, Clear Lake, IA 50428-1811
      View Details
    • Value Estimation by Request
      6,418 SF

      200 Us Hwy 18th W

      RESTAURANT • 6,418 SF
      200 Us Hwy 18th W, Clear Lake, IA 50428-3704
      View Details
    • Value Estimation
      $360,000
      3,243 SF

      12 3rd St

      RESTAURANT • 3,243 SF
      12 3rd St, Clear Lake, IA 50428-1808
      View Details

    Similar Nearby for Sale

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      Commercial property with excellent location and ample parking.
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    • $468,000
      3,879 SF

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      High-traffic location suitable for retail, office, or auto service.
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    • New
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      Clear Lake Commercial Building For Sale

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    • $468,000
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      Clear Lake Commercial Property For Sale

      Commercial property in Clear Lake with high traffic location.
      712 Highway 18 E, Clear Lake, IA 50428
      View Details
    • $1,050,000
      6.16 Acres

      Clear Lake Land with Lake Views

      6.16 acre lot with lake views, ideal for development.
      S Shore Dr, Clear Lake, IA 50428
      View Details
    • $125,000
      0.23 Acres

      Land Near State Beach

      Desirable lot in new development near State Beach.
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    Property Visit Statistics

    • Visits by month
      7.4k
    • Visitors by month
      2.8k
    • Avg Time on site
      465 min
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    Clear Lake, IA 50428-2103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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